AmenRa's Corner 1.17.12





Creditcane™: Will the government get out of the way and let me do my job?


SPX
Bullish short day (gap higher needed for shooting star). Midpoint above EMA(10). Still above all SMA's. Tested and failed the minor 50.0% retrace (1300.28). No daily 3LB changes (reversal is 1281.06). QE2infinity.



DXY
Bearish short day (completed evening star). Midpoint above EMA(10). Failing the 0.0% retrace (81.50). Still above all SMA's. No daily 3LB changes (reversal is 80.94).



VIX
Bullish long day (confirmed inverted hammer). Midpoint below EMA(10). Tested and held SMA(21). Tested and held its 38.2% minor retrace (21.62). No daily 3LB changes (reversal is 23.52).



GOLD
Bullish short day. Midpoint above EMA(10). Tested and failed its 50.0% retrace (1655.20). Holding above SMA(21). New high on daily 3LB (reversal is 1631.50). Still above monthly 3LB mid. Must have the precious.



EURUSD
Bullish thrusting day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 0.0% retrace (1.2777). No daily 3LB changes (reversal is 1.2792).



JNK
Bearish short day. Midpoint above EMA(10). Holding above SMA(21). Holding above its 50.0% retrace (38.24). No daily 3LB changes (reversal is 38.94).



10YR YIELD
Bearish long day. Failing all SMA's. Midpoint below EMA(10). Tested and failed its 0.0% retrace (18.96). No daily 3LB changes (reversal is 20.68).



WTI
Bullish long day. Tested and held SMA(21). Midpoint below EMA(10). Failing its 61.8% retrace (101.94). No dally 3LB changes (reversal is 103.22). Not confirming the monthly 3LB reversal down.



SILVER
Spinning top day. Holding above SMA(21). Midpoint above EMA(10). Tested and held its 61.8% minor retrace (29.76). No daily 3LB changes (reversal is 30.12).



BKX
Bearish engulfing day (confirmed hanging man also). Midpoint above EMA(10). Still above all SMA's. Tested and failed its 50.0% retrace (43.76). No daily 3LB changes (reversal is 42.08).



HYG/LQD
Bearish short day. Tested and held SMA(55). Midpoint below EMA(10). Failing its 38.2% retrace (0.7808). No daily 3LB changes (reversal is 0.7908).



EEM
Spinning top day. Midpoint above EMA(10). Holding above SMA(55). Tested and failed its 38.2% retrace (40.13). No daily 3LB changes (reversal is 36.10).



COPPER
Bullish long day. Midpoint above EMA(10). Holding above SMA(89). Tested and held its 38.2% retrace (3.684). New high on daily 3LB (reversal is 3.267).




IT HAS BEGUN. YOU HAVE BEEN WARNED.

32 comments:

cv said...

Nickles bitchez! (many golden crosses happening)

AmenRa said...

SKEW up over 3% today.

cv said...

@Amen

3T more in money printing coming to central banks near you...

While I don't give a FF about equity indices (as much of this might already be priced in)... QE (to infinity ~ you have been warned) can only have one effect (long range) on physical commodities until...

- the big "reset" comes
- a bunch of people die
- the debt gets forgiven

Andy T said...

very choppy pattern higher about to be tested. I feel 'ok' being short from this AM...would like that lower trendline to break. would be a nice time to double down.

i'm out if the s&p500 prints 1312.

Best o' luck.

QQQQ said...

Andy T said...
""S&P500 getting it's "wobble" on into that resistance zone.

I feel 'ok' being short from this AM""


you're not alone, my 1st real trades for this year..., been buying SDS march-$20 calls since friday. This morning ramp-up made me feel queasy for a while. Nothing a pepsi, 5 hour energy and 2 aspirin couldn't cure.

B22 retire?

cv said...

@Amen/Andy

If you're in to protesting the SOPA/PIPA bills... Here's some code you can use with the blogger dashboard to insert a ribbon onto the webpage...

---FOLLOW INSTRUCTIONS---

Put this on your site or automate it by putting this [javascript] into your header, which will start the blackout at 8AM EST and end at 8PM EST.

You can use this alternative code from Zachary Johnson. Get a sense of what sites will look like before and after you insert the code. (Here’s more on Johnson’s code.)

WordPress – which hosts 60 millions blogs, and is the 18th most popular site on the web, and host of some blogs – sent the following message to its users:

We are making it possible for you to participate in the protest. There are two options: a “Stop Censorship” ribbon and a full blackout. The blackout portion will be in effect January 18 from 8am to 8pm EST, while the ribbon will be displayed until January 24. Here’s how to join in:

Go to Settings ? Protest SOPA/PIPA in your dashboard.

Select if you want to join the blackout or show a ribbon.

If you choose to join the blackout, you can edit the message that will be shown on your site during the blackout.

Preview what your protest will look like.
Click “Save Changes” button to activate your protest.


That’s it! Easy-peasy activism right at your fingertips.

The “Stop Censorship” ribbon will display in the upper corner of your site and links to americancensorship.org. It will display until January 24, 2012 (the Senate vote date).

If you choose to do the blackout in addition to the ribbon, then we will black out your site from 8am to 8pm EST along with the official strike. You can customize the message that will appear on your blacked-out site to tell people why this issue is important to you. Your site will return to just displaying the ribbon after the strike is over.

I hope that a significant number of you on WordPress.com will join in this protest. Publishing freedom is a right we must protect.

And one last pitch: whatever you decide to do about your site, please take a few minutes to head over to americancensorship.org and take action. It only takes a few moments of your time to be an agent of change!

Random Weblog link Provisioner said...

cv--

you forgot the link..

http://www.washingtonsblog.com/2012/01/the-web-to-go-black-to-protest-censorship-bills.html

Anonymous said...

http://quotes.ino.com/chart/index.html?s=NYMEX_NG.H12.E&t=&a=&w=&v=d3

'Natty' is looking 'stretched;, to the d-side..

could see it 'bouncing back' (up) ..

AAIP

cv said...

@AAIP

oops...

I'm playing 'acrobat computers' this morning & cutting & pasting is a challenge...

U fixed it... Thanks...

BTW... I tried to follow the steps on my blog, but it's REALLY slow (almost frozen)... I suspect BLOGGER is getting inundated...

cv said...

@AAIP

Looks like they've solved the energy crisis...

FREE NAT GAS FOR ALL!

Andy T said...

http://www.google.com/hostednews/ap/article/ALeqM5iAixkdztUDVP5hsNlIf2oVc-31XA?docId=0251c6eb58a94bc9887495cb2700f948

St. Croix Refinery going bye bye....

Products market sucks so bad.

cv said...

@Andy T

I'm mulling over giving you the chance to back up your PATRIOTS ideas with another money line bet...

Only this time... YOU lay the odds...

AmenRa said...

How the hell can the IMF talk about increasing lending resources when they never received the funds from their last "increase"?

Anonymous said...

"...Products market sucks so bad..."


yeah, that's the nub of it..

that "Oil", itself, is trading as 'high' as it is..is 'anomalous' (for sure, at the min.)

to say nothing about $GASO..
~~

retail, GGE CNG is U$D ~2 (max. "Philly-area")

http://www.cngprices.com/

ibid.

cv said...

@Amen

Don't tell me that Barney Frank reniged on his promise to fund them 1B of taxpayer money, & instead threw a gay bash on Fire Island...

Anonymous said...

AmenRa,

re: 09:48

Good Q:

though, remember, We're in a 'Faith-based' 'Economy'...with that, 'all that is necessary' is to "Believe" ..

AAIP

cv said...

@AAIP

I'm half convinced that the low natty prices are some kind of attempt by TPTB to hoarde for themselves...

- Bid down the spot market price of natty
- Acquire your own storage facilities (& fill them with physical)
- Let Brent, WTI, & $GASO creep up
- Unleash QE to infinity
- Start a war (& ration $GASO)
- peeps look for an alternative

Looky here! we have your answer (just in the nick of time)...

God's work!

cv said...

@Amen

You got the banner working...

So... I guess I'll see you in Gitmo!

cv said...

They kind of did the graphics on SOPA wrong... The "O" in the button should have been one of those TOTUS '08 logos...

Anonymous said...

cv--

just, check out the 'Contango'

http://quotes.ino.com/exchanges/contracts.html?r=NYMEX_NG

seems pretty steep, 'if you can store it'..
~~

and, w/: "God's work!"

yes, not that it hasn't (in similar fashion) happened b4..

peep are 'so gullible', it's like 'shooting Fish in a barrel' ...

ibid.

Anonymous said...

writ larger..

"...to call the twentieth century the Fabian century. One thing is certain: the direction of modern schooling for the bottom 90 percent of our society has followed a largely Fabian design—and the puzzling security and prestige enjoyed at the moment by those who speak of "globalism" and "multiculturalism" are a direct result of heed paid earlier to Fabian prophecies that a welfare state, followed by an intense focus on internationalism, would be the mechanism elevating corporate society over political society, and a necessary precursor to utopia. Fabian theory is the Das Kapital of financial capitalism...."

"...Even though meritocracy is their reliable cover, social stratification was always the Fabian’s real trump suit. Entitlements are another Fabian insertion into the social fabric, even though the idea antedates them, of course.

To realize the tremendous task Fabians originally assigned themselves (a significant part of which was given to schooling to perform), we need to reflect again on Darwin’s shattering books, The Origin of Species (1859) and The Descent of Man (1871), each arguing in its own way that far from being blank slates, children are written upon indelibly by their race of origin, some "favored" in Darwin’s language, some not. A powerful public relations initiative of recent years has attempted to separate Darwin from "social Darwinism," but it cannot be done because Darwin himself is the prototypical social Darwinist. Both books taken together issued a license for liberal upper classes to justify forced schooling. From an evolutionary perspective, schools are the indoctrination phase of a gigantic breeding experiment. Working-class fantasies of "self-improvement" were dismissed from the start as sentimentality that evolutionary theory had no place for.

What Darwin accomplished with his books was a freeing of discussion from the narrow straitjacket it had worn when society was considered a matter of internal associations and relationships. Darwin made it possible to consider political affairs as a prime instrument of social evolution. Here was a pivotal moment in Western thought, a changing of the guard in which secular purpose replaced religious purpose, long before trashed by the Enlightenment...."
http://johntaylorgatto.com/chapters/9e.htm

ibid.

Anonymous said...

CV

I think you are right. I also suspect big oil producers are pushing down natural gas prices. I believe they want natural gas producers with big assets in the shale area to go bankrupt, so they can buy all their assets very cheap. The big oil companies are not the main players in the shale area, they were late into the game. Big oil producers can keep high profits from the oil even if natural gas prices are on the ground. So they only have to care to keep oil aroun $100 while pushing down natural gas. At current prices not a pure single natural gas producer can be profitable. Some of them paid big money to get the drilling rights when the natural gas price was above $6. So, most of them would won´t be able to pay their debts.

Cacerolo

QQQQ said...

last few days... EUR/USD looking bullish

US Investor Sentiment, % Bearish Summary

too many things look out-of-sync, not to mention, because of the time zone diff, I'm not use to waking up when the market opens.

SPOOZ really wants to be above that 1300 line

cv said...

@Cacerolo

Oldest trick in the book...

Oddly enough... It's one way that an average joe actually can stockpile (nat gas or propane)... But it does have some dangers...

Granted, you'l need the storage containers & probably a lot of property... I expect laws regarding that to come in 5...4...3...2.. (that is, AFTER all the price fixing has been done)...

You can't really store gaso, or Heating oil (diesel fuel) for any extended period (so they have you by the short hairs there already)...

cv said...

@AAIP

"...to call the twentieth century the Fabian century. One thing is certain: the direction of modern schooling for the bottom 90 percent of our society has followed a largely Fabian design

---

The original "Encyclopedia Brittanica" (through intermediaries), was basically a Rothschild rag (as is REUTERS news service now, which also owns the Associated Press)...

So... Assuming that ALL of the news is basically crunched down into 6 large corporations (all coming from the same source)... Well...

as napoleon bonaparte said...

"history is a set of lies agreed upon" (which is actually worse than it sounds because the AGREE-ers are all in the same family and control the outflow)...

cv said...

@QQQQ

Keep reminding yourself of what I said before...

The EURO (conceptually), is a NWO lab experiment (because it's the first large scale attempt at a 'one world currency')... Therefore, people who are calling for its dissolution are out of their minds... Anything & everything will be done to SAVE it...

That's not saying it won't 'morph'... But they'll try to keep as many parts of it in tact as possible... if they find themselves NOT SUCCEEDING at such, bandages will be applied until PLAN B is in order...

I doubt PLAN B is in place as we speak... Frankly, I think they have been caught off guard and are scrambling... Luckily, this is a major political election year, so there's cover to do just about any outlandish thing possible to kick the can...

I think the Bernank is totally on board with this (as he takes his marching orders FROM the NWO)...

Basically, your clue is that the more you hear "strong dollar policy" rhetoric & shilling for the collapse of the Euro, the more it means that the Euro is safe for now...

Andy T said...

"@Andy T

I'm mulling over giving you the chance to back up your PATRIOTS ideas with another money line bet...

Only this time... YOU lay the odds..."

I don't generally like picking up coins in front of steam roller.

I'd give the 7.5 points for a double or nothing proposition. Otherwise, just e-mail me an address where to send the booty..I got 10 Franklins with your name on them.

Anonymous said...

cv--

@12:02..

yes, sadly, it is, too much, like that..

but, you know, on this end, I think that if We "Keep Hope Alive", "Change" will come...

(sarcasm warning, for above)

too bad more of #44's devotees don't realize that that "o"-logo symbolizes 'a Path leading to 0 (zero)' ...

ibid.

Anonymous said...

you know, not that it matters...

with that NE v. BAL-tilt..

I'm getting the impression that it's going to be a ~"two-point"-Game

maybe, something like 19-17 ..

anyone catch the Weather Forecast for Foxboro?

AAIP

cv said...

@Andy T

Done...

I'll take the 7.5 points (double or nothing on the, ahem, 5 bucks "face" you owe me)...

cv said...

You know THE MEDIA wants a Patriots-Giants showdown...

Andy T said...

@CV.

Cool man. We're done on that one.

I think this is how guys become hugely in debt while betting on sports...."let's just double or nothing..."

bwhahahah.

Post a Comment

Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.